Turaco Gold Points to More Potential in Cote d’Ivoire

THE CONFERENCE CALLER: Explorer Turaco Gold (ASX: TCG) has pointed to further potential as it announced gold results from two projects in Côte d’Ivoire, ahead of its presentation on Tuesday to the 2023 RIU Sydney Resources Round-up. By Ngaire McDiarmid

The company announced drilling results including 15m at 1.04 grams per tonne gold from 64m, from a parallel structure to the main Satama discovery at its Eburnea project in central Côte d’Ivoire.

“We got anomalous gold along that whole [parallel] structure, which is about 3km in strike,” managing director Justin Tremain told Resources Roadhouse on the conference sidelines.

At Satama, which about 12 months ago was “just a soil anomaly”, Tremain said Turaco had only tested about half of the known, mapped strike and soil anomaly and everything “remained very much open to the north”.

Turaco also reported auger drilling results from the early-stage Odienne project (76 per cent effective interest) in the country’s north, of up to 6.35g/t gold from bottom of hole sampling in saprolite.

Tremain said Odienne was in “a very interesting geological address, on the edge of the Siguiri Basin … one of the best addresses in West Africa”.

“We’ve previously, with geophysics, demonstrated that we have 30km of the margin of the prospective geology sitting within our tenement,” he said.

“And then this last program, we tested a very small part of that 30km … and we’ve defined a 2km-long what we call saprolite, which is an in-situ gold mineralisation for us then to follow-up with deeper drilling.”

Turaco said soil geochemistry had also defined two additional “large-scale and coherent gold anomalies” at Odienne South, over 6km and 1km respectively.